Next Bull Rally Has Begun (Read This)

The next “bull-market” rally has begun and there are bargains in every emerging market following a record slump in stocks, Templeton Asset Management Ltd.’s Mark Mobius said.

“You are going to see a lot of bouncing off the bottom because there’s a tremendous amount of uncertainty in the market,” Mobius said, “But I have a feeling we’re at the bottom and now we’re building a base for the next bull market.”

Mobius correctly predicted in December that emerging markets will rebound before developed nations. In 1999, he was voted among the “Top Ten Money Managers of the 20th Century” in a survey by the Carson Group, and in 2006 he was included in the “Top 100 Most Powerful and Influential People” by Asiamoney magazine.

Courtesy : Bloomberg.com